Account Receivable Sales Formula In Phoenix

• Category: Loans and Lending - Accounts Receivables
• State: Multi-State
• City: Phoenix
• Control #: US-00402
• Format: Word; Rich Text

Description

The Contract for the Sale of Accounts Receivable outlines an agreement between a Seller and a Buyer for the sale of the Seller's accounts receivable, which includes all rights, titles, and interests related to the specified accounts. Key features include clear representation of the accounts, seller obligations, and conditions related to recourse. The attached Exhibit 'A' provides necessary details about each account, including balances and payment contingencies. Users must ensure that the accounts listed are accurate and free of disputes or contingent payments. Buyers have the opportunity to inspect the accounts within a set timeline to confirm satisfaction before finalizing the contract. This form serves vital purposes for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured legal framework for the transaction and protecting both parties' rights. Alongside filling in specific details like account information and the recourse configuration, users should focus on compliance with state laws as stipulated in the agreement.